Tag: Altcoin News

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Temporary Relief for XRP Holders as Downtrend Breaks

Despite a relatively good year for most major cryptoassets, the Ripple-affiliated XRP has struggled with gaining traction and is still down year-to-date. However, an uptick in price today may provide at least some relief for hopeful holders of the cryptoasset. As of press time on Monday (10:59 UTC), XRP is up 3.6% over the past…
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Russian TON Investors Decry UK Firm’s ‘c. USD 1.5m Commission Fee’

Russian investors in the failed Telegram Open Network (TON) token launch said they have reported a British brokerage they said is withholding almost USD 1.5 million of their funds to the Moscow-based federal investigating authority. Per a Telegram post from Baza, the group has taken its case to the Investigative Committee of Russia after alleging…
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Only 5 Out of Top 20 Cryptos More Valuable Than A Year Ago

As bitcoin (BTC) and other major coins still trading well bellow highs, seen in June of 2019, only five tokens among the top 20 cryptoassets by market capitalization are in the green on a 12-month basis. While the crypto market was more or less on fire this time of the year last year, the situation…
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Cardano and Coinbase Enter Custody Partnership

Source: Adobe/Skórzewiak Cardano has entered a custody agreement with major crypto exchange Coinbase, stating that near the end of the year, holders will be able to store their ADA in Coinbase’s cold storage, as well as stake their funds. Charles Hoskinson, CEO of Cardano’s developer IOHK, has announced the news today, during the second day…
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Ravencoin Exploit Sees Hackers Mint USD 6m Worth of RVN

The team behind the ravencoin (RVN) token have revealed that hackers have exploited a vulnerability in the network that allowed them to mint and then trade almost USD 6 million worth of tokens. Per an official blog post, the team stated that the exploit is still being investigated, but that hackers may have minted a…
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Japan’s Central Bank to Begin Digital Yen Feasibility Pilot

The central Bank of Japan (BoJ) will conduct a controlled pilot for a central bank digital currency (CBDC) to see how a digital yen would function from a technical standpoint. The BoJ said it will begin a Proof-of-Concept (PoC) and wants to test the digital fiat in a controlled environment before deciding whether or not…
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Kyber Network Doubles in a Month as Platform Upgrade Nears

On a day when major cryptoassets like bitcoin (BTC) and ethereum (ETH) barely moved at all, the decentralized token swap protocol Kyber Network’s KNC token saw a massive rise in price for the fifth consecutive day as the launch of its Katalyst platform upgrade got closer. The token, ranked 37th by market capitalization, is up…
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Bitcoin Pauses Below USD 9,300, Altcoins Signaling Fresh Increase

Recently, bitcoin price made another attempt to break the USD 9,300 resistance, but it failed. BTC is currently (08:30 UTC) consolidating near the USD 9,200 level and it seems like there are chances of an upside break above the USD 9,300 resistance in the next few sessions. XRP/USD Total market capitalization Bitcoin price The current…
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CBDCs Might Increase Central Banks’ Footprint on Financial System – BIS

The introduction of central bank digital currencies (CBDCs) could potentially lead to central bank expanding its footprint on the financial system, according to Economic Adviser and Head of Research at the "central bank of central banks," the Bank for International Settlements (BIS). It is likely that CBDCs will change the relationship between central banks and…
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IOTA Takes Step Towards Decentralized Network

IOTA (MIOTA) has announced the release of Pollen, the first phase towards IOTA 2.0, its decentralized network that is expected to arrive in the first half of the next year. IOTA is continuing its path towards the so-called ‘Coordicide’ – the death (that is, the removal) of the Coordinator, which is a node run by…
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